Washington/Beijing – US analysts claim that China who aspires to be a world superpower, does not have much time left. Analysts say that while China has surpassed many countries of the world, including the United States, the growth cycle is nearing its end in various sectors. The Chinese economy is in a state of meltdown […]
Read More »
Colombo – Sri Lanka, which has borrowed heavily from China, faces a massive financial crisis. Sri Lanka’s foreign exchange reserves have fallen sharply, with only three months’ worth of foreign reserves remaining. This has led Sri Lanka to impose restrictions on imports of various commodities. According to some reports, Sri Lanka also has no money […]
Read More »
New Delhi – The Chief Economic Advisor of the country, KV Subramanian, indicated that the union government may soon announce an economic package to provide an impetus to the country’s economy, hit by the second wave Coronavirus pandemic. Subramanian said that government would come forward with certain measures for the progress of the economy. Furthermore, […]
Read More »
Beijing: – China, which was boasting as the only economy to progress even during the Coronavirus pandemic, has started receiving fresh jolts. For the last few months, the number of defaulter companies is on the rise, and as per indications, some of these companies could declare bankruptcy. At the same time, the profitability of the […]
Read More »
London: – Senior US statesman Henry Kissinger said that the United States needs to understand the Chinese position on the new global economy and warned that otherwise, there is a strong possibility of a new conflict sparking in the world. Kissinger made this statement during the function organised by the British thinktank Chatham House. Kissinger […]
Read More »
New Delhi: – The Minister of State for Finance, Anurag Thakur, said it is clearly visible that the Indian economy is rising again, leaving the Coronavirus crisis behind. In February, foreign institutional investment in the country stood at around Rs 25,787 crore. Citing this, the Minister of State for Finance expressed confidence that the country’s […]
Read More »
New Delhi: The Organisation for Economic Cooperation and Development (OECD) claimed that India would emerge as the fastest growing economy globally, with a growth rate of 12.6%. A few months ago, this institute had predicted that the Indian economy would grow at 7.9% during the year 2021-22. But the prediction has been revised. The government’s […]
Read More »
Washington: – US Vice President Kamala Harris held a telephonic discussion with French President Emmanuel Macron. This is the second instance of Harris speaking to a foreign head of state. Talks have started in the US political circles and social media circles regarding President Biden’s capabilities, as Harris has started having a dialogue with the […]
Read More »
Washington/Beijing: – Since the last few months, China is claiming that its economy is coming back on track. A new report says that the real picture is different. The thinktank China Beige Book claimed that the Chinese economy could not return to normal before the end of first quarter of 2021. The report says that […]
Read More »
London: – British Finance Minister Rishi Sunak claimed that the economy of the United Kingdom, may be faced with the biggest slide in 300 years, given the situation created by the Coronavirus pandemic. While speaking in the British parliament, British Finance Minister Rishi Sunak said that the GDP of the United Kingdom, the sixth-largest economy […]
Read More »
